How to Verify Your UK FCA Broker’s License?
In a world of constantly evolving regulations, licensing and compliance is of paramount importance. Many traders and brokers read and hear about regulation everywhere, but even with all of this awareness, I still often times come across corporate clients and institutional traders who are failing to conduct counterparty due diligence. The FX world has witnessed […]
MiFID II: Will You Finally Know Who Is On The Other Side Of Your Trade?
MiFID II, the “Markets in Financial Instruments Directive”, is legislation that is set to be implemented across the European Union on January 3rd, 2018. As this due date approaches, many market participants are scrambling to implement changes to hopefully comply with the new rules. Some, on the other hand, prefer to procrastinate as long as […]
How Does One Define “Best Execution” for FX Trading Firms Under MiFID II?
While some industry sources are arguing whether or not MiFID II will dramatically affect the FX industry, most FCA and CySEC licensed FX brokers are rapidly adjusting policies in order to comply with the new requirements. One of the key changes of MiFID II is an implementation of the term “best execution” and a directive […]
Navigating the ASIC FX Brokers’ Register and, What Does it Mean to Make a Market” in Australia?”
More than a few times over the past year, I have come across instances where companies have thought that they were paying for legitimate ASIC licenses when, in reality, that was not the case. There appears to be several “light fingered” agents operating in the market (particularly, in the Asia region) who are “selling ASIC […]
Wind of Change? What the new CySEC rules mean to the FX industry
CySec’s strategic move capitalizes on a potential shift in the global FX landscape. As someone who is very passionate about FX and football, I’m always keen to draw parallels between both whenever possible. Where football and, indeed, sport in general is concerned, 2016 will forever be remembered as “the year of the underdog”